Mount Olivet / Weldon median real estate price is $163,900, which is less expensive than 92.3% of Virginia neighborhoods and 86.1% of all U.S. neighborhoods.
The average rental price in Mount Olivet / Weldon is currently $1,347, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.4% of Virginia neighborhoods.
Mount Olivet / Weldon is a remote neighborhood (based on population density) located in Pulaski, Virginia.
Mount Olivet / Weldon real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Mount Olivet / Weldon neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Mount Olivet / Weldon has a 13.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Pulaski, the Mount Olivet / Weldon neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Did you know that the Mount Olivet / Weldon neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.6% of this neighborhood's residents have Scots-Irish ancestry.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Mount Olivet / Weldon neighborhood in Pulaski are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.4% of U.S. neighborhoods. In addition, 9.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 51.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Mount Olivet / Weldon neighborhood, 30.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.5% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (25.9%), and 13.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Mount Olivet / Weldon neighborhood is English, spoken by 97.0% of households.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Mount Olivet / Weldon neighborhood in Pulaski, VA, residents most commonly identify their ethnicity or ancestry as English (14.3%). There are also a number of people of German ancestry (7.6%), and residents who report Irish roots (6.9%), and some of the residents are also of Scots-Irish ancestry (4.6%), along with some Polish ancestry residents (2.0%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Mount Olivet / Weldon neighborhood spend under 15 minutes commuting one-way to work (38.6% of working residents), one of the shortest commutes across America.
Here most residents (75.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.